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GIC housing introduce lower lending rates for realty

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A subsidiary of GIC – GIC housing Finance has today made the housing loan segment more competitive with a new mark of loans rate of 7.95 percent. It is the lowest among all the lending rates beating State Bank of India’s 8 percent and few others with few margins, adds the source at www.propertykhazana.com. But most interestingly another attachment of this rate to the consumers is followed by validity of just 6 months up to Rs 1 crore.
GIC housing finance is a new entry in the field of realty who has served the insurance sector from quite a long term competing with other leaders like SBI, HDFC, and ICICI who has strong hold on realty circuit for more than an age. Apart from this, GIC housing finance is also offering festive bonanza for the consumers with free insurance on accidental deaths and also adds free insurance on the possessed property to all the applicants. These schemes are applicable for all those applied for the festive loans with 8.95 percent which is fixed for tenure of 2 years and will go along with the market availability as per the reports of www.propertykhazana.com.
But comparing the loan details, SBI provides better norms with just 8 percent interest up to 1 year for Rs 5 lakhs which marks a better reading than the 7.95 percent slab of GIC housing finance which is valid just for half year. For more updates follow www.propertykhazana.com.
Source: NBTVLIVE

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